Important Tax Changes for the Search Fund Community

professional profile

December 07, 2021

by a professional from University of Illinois at Urbana-Champaign - College of Business in 475 Half Day Rd, Lincolnshire, IL 60069, USA

A recent ruling by the Tax Court may have a significant impact on how entrepreneurs treat expenses incurred during the search phase: https://www.msllc.com/insights/blog/important-tax-changes-search-fund-community/

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commentor profile
Reply by a professional
from Walsh College of Accountancy and Business Administration in Detroit, MI, USA
This court decision follows in a long line of case law under section 195. This is consistent with how I have treated costs incurred during the "search" phase.
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Reply by an investor
from University of North Carolina at Chapel Hill in Charlotte, NC, USA
Michael -- thanks for all you do for the search community. Great content.
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